elite90 Posted March 16, 2011 Share Posted March 16, 2011 This question is more for older medium-large sized GSP owners... just curious what company owners are taking home. Link to comment Share on other sites More sharing options...
lpgservers Posted March 16, 2011 Share Posted March 16, 2011 Do you really expect an answer to that question? Link to comment Share on other sites More sharing options...
elite90 Posted March 16, 2011 Author Share Posted March 16, 2011 Do you really expect an answer to that question? Not from you, I guess. Link to comment Share on other sites More sharing options...
Feltz Posted March 16, 2011 Share Posted March 16, 2011 I can almost bet less than 15% of all GSP's actually make a living doing it. The market is way to competitive. And you wont get any accurate answers. Link to comment Share on other sites More sharing options...
proclan Posted March 16, 2011 Share Posted March 16, 2011 I would say most have two jobs even if your a small gsp you should be able to figure that out. Like Ryan said it's not a high profit business. Link to comment Share on other sites More sharing options...
ritmohost Posted March 16, 2011 Share Posted March 16, 2011 Odd thing to ask. Link to comment Share on other sites More sharing options...
dimitrifrom31 Posted March 16, 2011 Share Posted March 16, 2011 just to make it clear you shouldnt expect to live out of it before running for at least 2 years working nearly full time on it. thats a general estimation and it will depends of many factors such as your knowledge and reactivity for support, new games coming etc. Link to comment Share on other sites More sharing options...
adamnp Posted March 17, 2011 Share Posted March 17, 2011 Not sure about you guys but I made one billlllllllllllllllllllllllllllllllllllllllllllllllllllion dollars! Link to comment Share on other sites More sharing options...
{-SMAKU-}_MotorMouth Posted March 17, 2011 Share Posted March 17, 2011 Not sure about you guys but I made one billlllllllllllllllllllllllllllllllllllllllllllllllllllion dollars! I made one billlllllllllllllllllllllllllllllllllllllllllllllllllllion and one dollars. You need to get your act together if you plan on staying in business. One billlllllllllllllllllllllllllllllllllllllllllllllllllllion dollars will not get you far these days. Link to comment Share on other sites More sharing options...
ritmohost Posted March 17, 2011 Share Posted March 17, 2011 lol.. o k... Any amount of money can go far these days, just depends on the person.. Link to comment Share on other sites More sharing options...
sArAkUzZa Posted March 17, 2011 Share Posted March 17, 2011 one billion trillion - I earned that, really....I did OT No one is gonna give you reply, but it is not high profit bussiness although you can make just fine sum of money Link to comment Share on other sites More sharing options...
NightLinks Posted March 18, 2011 Share Posted March 18, 2011 So there's no way of getting rich over night? Scratching GSP Hosting off the list then... Link to comment Share on other sites More sharing options...
DougK94 Posted March 18, 2011 Share Posted March 18, 2011 For many it should be "How much money does your GSP cost you?" Link to comment Share on other sites More sharing options...
{-SMAKU-}_MotorMouth Posted March 18, 2011 Share Posted March 18, 2011 So there's no way of getting rich over night? Scratching GSP Hosting off the list then... You can get rich overnight with a GSP. If you setup, take the money and don't pay your bills or do any support like many do. Link to comment Share on other sites More sharing options...
ownedwatafa Posted March 18, 2011 Share Posted March 18, 2011 one billion trillion - I earned that, really....I did OT No one is gonna give you reply, but it is not high profit bussiness although you can make just fine sum of money No wonder when you don't pay taxes Link to comment Share on other sites More sharing options...
sArAkUzZa Posted March 18, 2011 Share Posted March 18, 2011 No wonder when you don't pay taxes LoL Fail Link to comment Share on other sites More sharing options...
Jesse Posted March 18, 2011 Share Posted March 18, 2011 i'm pretty sure a GSP is the hardest way to make very little money... making it a step up from slavery. Link to comment Share on other sites More sharing options...
SickPuppy Posted March 18, 2011 Share Posted March 18, 2011 It is not much and you can't depend on GSP revenue as your only source of income. I receive a retirement check, a disability check, along with income from 2 other businesses. Link to comment Share on other sites More sharing options...
lpgservers Posted March 19, 2011 Share Posted March 19, 2011 Why does everyone who can't earn anything have to blanket statement that no one can earn enough as a living? It amazes me at how much the company I sold was making in just 9 months with several hundred active clients and EA contracts to boot. Don't be lazy, advertise in the right ways, and be sure to offer quality amongst other things that will bring the customers your way, keep them, and promote word of mouth advertising as well and you'll succeed. Do things half ass like most around here and well...be a complainer rather than a doer. Link to comment Share on other sites More sharing options...
SickPuppy Posted March 19, 2011 Share Posted March 19, 2011 It amazes me at how much the company I sold was making in just 9 months. I notice that you are no longer in the GSP business, and don't forget I know exactly how much your GSP was earning. Link to comment Share on other sites More sharing options...
lpgservers Posted March 19, 2011 Share Posted March 19, 2011 You noticed? I'm out since I sold out...the money wasn't near good enough for the time. However, my idea of what is worth it and the next person's are likely two very different ideas. I've done far better with brick and mortar and in comparison a service business there has similar net profit percentages. I've learned that an online service or brick and mortar are very similar creatures...the difference is that I have a solid reputation with various methods to legitimize my operation IRL and no dealing with kids living in their parent's basements. In 9 months lpgs was grossing over $72,000 per year according to WHMCS' stats and had a net profit margin of approximately 38% which equates to approximately $2,300 monthly profit which is quite accurate. This was accomplished whilst renting dedicated machines from a reseller of Jon's. That equates to a real network and top of the line equipment and the growth charts were exploding. That's me in a nutshell with lpgs. However, I worked my ass off, networked, built a very solid reputation, and had word of mouth advertising in overdrive and I paid for advertising on a single site only. Let's look at HC then...You were in business around 3 years at the point where I sold. You told me you had less than 100 clients (far less than half of lpgs) and this was after you had already bought several others. Put your figures where your mouth is Edward and I sincerely doubt your numbers are better than those above and this is after you've been at it for a good amount of time. Also, have you ever managed to become EA Ranked? I did after 4 months in business... Link to comment Share on other sites More sharing options...
Admin-Nation-Servers Posted March 20, 2011 Share Posted March 20, 2011 Alright lets all calm down. Edward was just stating the profit margin was not so great. $2300 would be enough to rent a house and pay for basic needs. It could be hard to live solely on that income, especially with a family. Link to comment Share on other sites More sharing options...
lpgservers Posted March 20, 2011 Share Posted March 20, 2011 Alright lets all calm down. Edward was just stating the profit margin was not so great. $2300 would be enough to rent a house and pay for basic needs. It could be hard to live solely on that income, especially with a family. He was instigating something that he should have left well enough alone. Question on your income statement...being a kid (I believe your around 17 and please correct me if I'm wrong), how would you know what is or isn't a decent living especially considering the wide range of areas to live in this world and what it takes to raise a family? You can't simply focus on your parent's circumstances nor the local/county/country in which you live. You have to take a broader perspective and consider all of the possibilities. The net margin was growing a few hundred dollars per month as well and the net could have almost doubled had I colocated as well. Point is, this is all peanuts since I was around for such a short period of time anyhow but should show what someone is capable of. However, lpgs has continued to grow considerably from what I hear and it's easy enough for someone to bust their ass and to open up the same opportunities I did. There are so many threads with so many whiners about the EA ranking and other issues that it's simply retarded to waste your breath complaining about that, stating that you can't make a living doing this, etc. Those complaining are the ones who aren't the doers. Quit wasting resources on the negativity and just focus on getting it done. It takes drive and ambition to succeed in life whether online or not. Link to comment Share on other sites More sharing options...
Admin-Nation-Servers Posted March 20, 2011 Share Posted March 20, 2011 He was instigating something that he should have left well enough alone. Question on your income statement...being a kid (I believe your around 17 and please correct me if I'm wrong), how would you know what is or isn't a decent living especially considering the wide range of areas to live in this world and what it takes to raise a family? You can't simply focus on your parent's circumstances nor the local/county/country in which you live. You have to take a broader perspective and consider all of the possibilities. The net margin was growing a few hundred dollars per month as well and the net could have almost doubled had I colocated as well. Point is, this is all peanuts since I was around for such a short period of time anyhow but should show what someone is capable of. However, lpgs has continued to grow considerably from what I hear and it's easy enough for someone to bust their ass and to open up the same opportunities I did. There are so many threads with so many whiners about the EA ranking and other issues that it's simply retarded to waste your breath complaining about that, stating that you can't make a living doing this, etc. Those complaining are the ones who aren't the doers. Quit wasting resources on the negativity and just focus on getting it done. It takes drive and ambition to succeed in life whether online or not. That's why I stated could. Your perception on what a decent living is compared to Edwards could be completely different. I am not taking anyone's side, we all have our own opinions/perspectives. Link to comment Share on other sites More sharing options...
SickPuppy Posted March 21, 2011 Share Posted March 21, 2011 You noticed? I'm out since I sold out...the money wasn't near good enough for the time. The level you achieved with LPGS in the short time it took you is impressive and what I admired the most was you knew when it was time to get out. The key here is TIME. You can't evaluate the worth of a business based on the net operating income. You must factor in the time it takes to run the company. $2300 a month is not bad if you are 18 years old and still living at home with mom. That is only $27600 a year. For an average size family that is close to the poverty line. The mistake most small business owners make is not accurately calculating the time they invest in the business. $2300 a month is great if you only work 20 hours a week. If you are like most one man GSPs you were putting closer to 80 or even 120 hours a week into your business. $2300 a month will just cover my fishing trips. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.